Former IOOF general manager Barry Sheehan is to take the wheel at HSBC Asset Management (Australia), replacing Robert DeHart who is retiring.
Robert Dehart retires after only two years in the top job, having taken on the role after heading up the HSBC Canadian operations. DeHart started in April 1999 after the departure of former managing director David Stephens who left with colleague, chief investment officer Stephen Babidge to form Contango Asset Management.
As chief executive officer effective from May, Sheehan will manage the strategic direction of the Australian HSBC division and will report to Alain Dromer, chief executive of HSBC Asset Group.
Sheehan headed up retail funds management at IOOF after nine years at AXA.
